Building Details

Year Built 2005

Tenancy Single

Listing Agency: NNN & Retail Group

Listed By: Kevin Le · License #01511997

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 8:10AM

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Investment Insights

Based on property information with market context.

The offering is a single-tenant, triple-net leased Needler’s Fresh Market grocery store constructed in 2005. The property includes a 21,778-square-foot building on 3.27 acres. The current lease structure provides more than four years remaining on a 20-year original term, along with four, five-year renewal options. The triple-net lease requires zero landlord responsibilities, with the tenant responsible for all maintenance of the premises.

The store is located along United States Highway 52, identified as New Palestine’s main commercial corridor. The area includes nearby businesses such as CVS Pharmacy, Fifth Third Bank, Ace Hardware, and NAPA Auto Parts, as well as New Palestine Elementary, Middle and High Schools. Interstate 465 is approximately seven miles northwest.

New Palestine is described as a regional hub, with this Needler’s Fresh Market serving as the only grocery store in the city and the only grocery store within a seven-mile radius of the community.

Key Highlights

• Single‑tenant Needler’s Fresh Market grocery store on US Highway 52 in New Palestine, IN
• 2005 construction: 21,778 SF building on 3.27 acres
• Triple‑net lease structure with zero landlord responsibilities; tenant handles all maintenance requirements

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Law Firm Building Supply Auto Repair Shop Restaurant Real Estate Agency Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

160

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 46163, IN

13,489

Population

5,476

Households

2.5

Avg Household Size

43

Median Age

44%

College-Educated

96%

High-School Grad

29.7 sq mi

ZIP Area

454

Density / Sq Mi

$111,378

Median Household Income

$59,962

Median Earnings

$1,232

Median Rent

$313,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Hoosier Harvest Market — 4055 Roy Wilson Way, New Palestine, IN 46163
• Needler's Fresh Market — 5802 W U.S. 52, New Palestine, IN 46163

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Triple-net Needler’s Fresh Market grocery store on US Highway 52 with a 2005-built 21,778 SF facility.

Where is this grocery and convenience store located?

The property is located at 5802 US-52 New Palestine, IN.

What are key features of this property?

This property features: Single‑tenant Needler’s Fresh Market grocery store on US Highway 52 in New Palestine, IN; 2005 construction: 21,778 SF building on 3.27 acres; Triple‑net lease structure with zero landlord responsibilities; tenant handles all maintenance requirements